26,000 blockchain projects launched in 2016, 92 percent are now dead

Consulting heavyweight Deloitte claims that over 26,000 new blockchain-based projects were launched on GitHub in 2016. GitHub is a development platform that houses codes for more than 86,000 blockchain programs, including large projects such as Bitcoin.

In its report, titled Evolution of Blockchain Technology: Insights from the GitHub Platform, Deloitte claimed that the number of blockchain projects by both organizations and individual users at the development platform in 2016 is the biggest so far.

By comparison, there are less than 15,000 initiatives that were launched in 2015. Meanwhile, in the first half of 2017, there were almost 25,000 projects that were logged on the platform.

According to Deloitte, the majority of the projects, however, have become inactive in the long run and only eight percent are active so far.

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